South Korea's Ministry of Finance said in a statement that it will closely monitor whether stock market volatility spreads to the bond, foreign exchange and currency markets. The government and relevant institutions will strengthen stock market monitoring and deal sternly with any actions that disrupt market order.
The statement said that strong economic growth expectations, a current account surplus and improving corporate earnings mean that the fundamentals of the South Korean stock market remain solid.
South Korea's KOSPI extended intraday gains to 3.00%, Samsung Electronics shares rose 3%.
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